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WASHINGTON -- The executive committee for the National Association of Shell Marketers (NASM) elected to invest a portion of the association's reserves into shares of Royal Dutch Shell, and purchased 1,000 shares of stock, the association stated.
The investment highlights the association's commitment to the Shell brand, and states that "we are all in this together," Darrell Smith, NASM president, said in a statement.
The remainder of the association's reserves are invested in a variety of certificates of deposit, stocks, bonds and a money market account, according to NASM. The reserve has been strengthened by the dedication of NASM marketer and supplier associate members and through the Shell brand, the association stated.
"NASM is pleased to be able to show its appreciation to Shell through this gesture," Smith added. "NASM will prosper only if Shell prospers, and this action solidifies that fact."
Shell marketers are encouraged to join NASM, and a membership application can be obtained by visiting the following link:
Marketer Membership Application